WHY TRANSIT MATTERS – PART 2 – ECONOMIC BENEFITS Public transportation critics wax on about subsidizing transit, admonishing that “it’s a free lunch!” In December 2013, UTA opened the S Line, a two-mile streetcar service with seven stations. The line’s total cost, including additional double tracking added in 2019, was approximately $60M. In 2022, the University of Utah studied the performance of the project and estimated a decade-long return of $2B (that B stands for billion). Yet, there’s no need to regale the number when a picture speaks a billion words. Scroll down and check out the time-lapse return on investment that the S Line has produced. Transit matters because it is an investment. Transit spurs economic development. Public transportation adds revenue to government treasuries. Transit creates connected communities, mobility options, and access to education and jobs. At the same time, transit reduces costs associated with road and private vehicle maintenance. And transit mitigates the environmental and health effects of the world's largest pollutant – fossil fuels. The next time someone complains that transit costs too much, hold up the S Line photo and show them that funding for the Utah Transit Authority’s operators, operating team, and administrative employees is an investment creating economic benefits for everyone.
I won't go into why now, but I've always said Salt Lake City is a good city for transit to operate in. Here is one example of the results it can produce.
And that does not even talk about the TOD development that relies less on roads and streets! Great reference.
I agree!
Hi Jay Fox would love to learn more about this. Do you have a link to the study or contact? We have a number of abandoned/unused tracks in my area. Great report!